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Global Basmati Rice Market Share, Size, Analysis, Forecast: By Type: Parboiled, Raw; By Nature: White, Brown, Others; By Country of Origin: India, Pakistan, Others; By End User: Retail, HoReCa and Institutional; By Distribution Channel: Supermarkets and Hypermarkets, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Basmati Rice Market Size
The global basmati rice market stood at a value of around USD 6.22 billion in 2023. The market is estimated to grow at a CAGR of 2.0% in the forecast period of 2024-2032 to attain a value of around USD 7.47 billion by 2032.
| Global Basmati Rice Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 6.22 |
| Market Size 2032 | USD Billion | 7.47 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 2.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 2.8% |
| CAGR 2024-2032 - Market by Country | India | 4.7% |
| CAGR 2024-2032 - Market by Country | UK | 3.2% |
| CAGR 2024-2032 - Market by Type | Parboiled | 2.9% |
| CAGR 2024-2032 - Market by Distribution Channel | Supermarkets and Hypermarkets | 3.4% |
| Market Share by Country | UK | 4.3% |
Global Basmati Rice Market Growth
The global basmati rice market value is increasing due to the rising consumer preference for superior quality rice, offering great taste and aroma. The basmati variety forms an integral part of the Middle Eastern cooking. It is used to cook lavish dishes which contain layers of rice, meats, and dried fruits. It also forms a part of the staple diet of many cultures, thus boosting basmati rice consumption globally. The increasing export demand from the Middle Eastern countries is also propelling rice cultivation in key regions. The US and Europe, too, are significant importing countries.
The rising population acts as a catalyst for the growth of the global basmati rice market. The increasing disposable income in major rice consuming nations is driving the market growth. Further, there is expected to be a rise in consumption of premium products, including basmati rice- a premium variety.
With increasing health consciousness among consumers, the popularity of this variety is expected to increase due to its high nutritional value and lower fat content.
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Industry Outlook
According to the Food and Agriculture Organisation, rice production is projected to reach 523.9 million tonnes in 2023/24, marking a 0.8% increase from the previous year. Trade is expected to decrease slightly to 52.8 million tonnes in 2024. Total utilization is forecasted at 522 million tonnes, maintaining stability in consumption patterns.
Ending stocks are anticipated to rise to 198.9 million tonnes, a 1.5% increase, indicating strong production recovery. Major exporters' stock-to-disappearance ratio is predicted to improve to 30.9%. The FAO Rice Price Index increased by 21.6% from January to October 2023, reflecting heightened market activity.
The steady growth in rice production, particularly in India, supports the market demand. With per capita food consumption stable at 53.0 kg/year, the resilience of rice production in key regions ensures a consistent supply of basmati rice, globally.
As per USDA, in Pakistan, Punjab accounts for 52% of the nation's rice production, making it the largest rice-producing region, followed by Sindh with 38%. Balochistan contributes 8%, while Khyber Pakhtunkhwa and Northern Areas have minimal production, at 2% and negligible amounts respectively. Central Punjab and parts of Sindh exhibit the highest yields, indicating regional disparities in rice cultivation capacity.
Pakistan's rice yields have fluctuated significantly from 2014/15 to 2024/25, with a noticeable peak at 4.0 tons/hectare in 2021/22 and the lowest yield at 3.6 tons/hectare in 2019/20. The general trend over the ten-year period indicates a gradual increase in yield. The yields in 2022/23 and 2023/24 were stable at 3.7 tons/hectare, with a projected increase to 3.8 tons/hectare in 2024/25.
Basmati Rice Industry Statistics in India
As per Agricultural & Processed Food Products Export Development Authority (APEDA), for the India's basmati rice export market, Iran emerges as the largest importer, accounting for 25.3% of the total exports, followed by Saudi Arabia with 17.1% and Iraq with 12.3%. These three countries alone represent a substantial portion of the market, indicating the strong demand for basmati rice in the Middle East. The United Arab Emirates and Yemen also contribute notable shares, with 6.5% and 5.2%, respectively, reinforcing the Middle Eastern dominance. Additionally, the United States (4.1%) and Kuwait (3.7%) are prominent non-Middle Eastern buyers, while the United Kingdom (3.3%), Oman (2.0%), and Qatar (1.8%) account for smaller shares. The overall trend shows a concentrated demand in the Middle East, driven by inventory-building efforts and a willingness to pay higher prices. This reflects the regional preference and robust market potential for India's basmati rice.
Recent Developments
In July 2023, Adani Wilmar Limited (AWL) announced the comeback of the renowned Kohinoor Basmati Rice with a 360-degree campaign, highlighting its rich and unique aroma.
In June 2017, LT Foods invested USD 15 million in its first European rice processing facility in Rotterdam Netherlands, having an initial capacity of 60,000 tonnes, with an aim of introducing its popular brand, ‘Daawat’ in Europe.
Basmati Rice is Renowned for Its Distinct Aroma and Flavor, Making It Highly Sought After in Both Domestic and International Markets
- In many regions, particularly South Asia, basmati rice holds cultural importance, which further supports the basmati rice demand growth.
- Basmati rice is perceived as a healthier option compared to other rice varieties, which appeals to health-conscious consumers globally.
- Major producers like India and Pakistan have established strong export markets, ensuring a stable supply and robust market presence.
Primary Forces Shaping the Global Basmati Rice Market Trends
- Growing interest in international cuisines and ethnic foods is expected to boost the basmati rice market share.
- The rising trend towards organic food products and specialty rice varieties presents new growth avenues for basmati rice producers.
- Bilateral and multilateral trade agreements can open new markets and reduce tariffs, enhancing export opportunities.
What are the Key Challenges Faced by Basmati Rice Producers?
- Basmati rice prices are subject to fluctuations due to varying crop yields.
- The production of basmati rice is highly dependent on monsoon rains, and unfavourable weather conditions can negatively impact the basmati rice market revenue.
- Maintaining consistent quality standards across different regions can be challenging.
- Tariffs, quotas, and other trade restrictions can hinder market access and exports, limiting basmati rice market opportunities.
- Political tensions and conflicts in key production regions can disrupt supply chains.
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Basmati Rice Industry Segmentation
Breakup by Type
- Parboiled
- Raw
| CAGR 2024-2032 - Market by | Type |
| Parboiled | 2.9% |
| Raw | XX% |
Breakup by Nature
- White
- Brown
- Others
Breakup by Country of Origin
- India
- Pakistan
- Others
Breakup by End User
- Retail
- HoReCa and Institutional
Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Store
- Speciality Store
- Others
| CAGR 2024-2032 - Market by | Distribution Channel |
| Supermarkets and Hypermarkets | 2.2% |
| Speciality Store | 2.1% |
| Convenience Store | XX% |
| Others | XX% |
Breakup by Region
- North America
- Latin America
- Middle East and Africa
- Europe
- Asia Pacific
| 2023 Market Share by | Region |
| Middle East and Africa | 29.6% |
| North America | XX% |
| Europe | XX% |
| Asia Pacific | XX% |
| Latin America | XX% |
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Global Basmati Rice Market Regional Insight
According to the global basmati rice industry analysis, the Asia Pacific is the leading rice producing region, with India and Pakistan as the key markets. The region accounts for almost 90% of the global rice production. China is the leading rice producer, followed by India. However, basmati rice, specifically, is primarily grown in India and Pakistan.
| CAGR 2024-2032 - Market by | Country |
| India | 4.7% |
| UK | 3.2% |
| China | 2.7% |
| Saudi Arabia | 2.5% |
| Australia | 2.3% |
| USA | XX% |
| Canada | 1.9% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Brazil | XX% |
| Mexico | XX% |
India is the largest producer of basmati rice, accounting for over 70% of its global output. In 2018, its production attained almost 5.03 million tons. The country is also the leading exporter of basmati rice. The strengthening exports is a combined result of an increasing demand from Iran and the rise in prices that have been taking place over the last three years.
Haryana, Punjab, Himachal Pradesh, Uttarakhand, Uttar Pradesh, Jammu and Kashmir, and Delhi are the major basmati rice producing states in India. In Pakistan, the Punjab province is the largest producer of the paddy crop.
The Middle East and Africa is a significant consumer of basmati rice, which accounts for 37.5% of their total consumption of the paddy crop. GCC countries are the major importers of the basmati variety of the paddy crop. The steady increase in imports from Saudi Arabia and Iran is driving the rise of Indian exports of basmati rice.
| Market Share by | Country |
| UK | 4.3% |
| USA | XX% |
| Canada | XX% |
| Germany | XX% |
Between 2017-2018, Iran was the leading importer of the grain from India. Iran was followed by Saudi Arabia and the United Arab Emirates as the other significant importing countries of the basmati variety from India. Europe and the US are also significant consumers of the basmati variety.
Price Analysis
In India, Basmati paddy prices have been rising for two years, between FY2017 and FY2018. The prices are expected to continue growing in the current year due to lower production because of the decline in cultivation area and crop loss in major growing states due to untimely rainfall.
Competitive Landscape
The report provides a detailed analysis of the key players in the global basmati rice market, covering their capacity, market share, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- KRBL Limited
- Kohinoor Foods Limited
- Adani Wilmar Limited
- Dunar Foods Ltd.
- Ebro Foods, S.A.
- Lundberg Family Farms
- New Bharat Group
- Supple Tek Pvt Ltd
- LT Foods Limited
- HAS Rice Pakistan
- Latif Rice Mills Pvt. Ltd.
- A.I.Z Import & Export
- Others
Competition in the Global Basmati Rice Market
Key Players
The global basmati rice market is highly competitive. Key companies like KRBL Limited, LT Foods, Amira Nature Foods, Kohinoor Foods, and Tilda, dominate the landscape, each leveraging their unique strengths to capture and expand market share, creating a dynamic and challenging environment.
Competitive Strategies of Basmati Rice Market Players
- Use of advanced milling technology to ensure product consistency and superior quality is expected to support the basmati rice market dynamics and trends.
- Diversify product offerings, including organic and ready-to-cook options.
- Strong branding, packaging, and targeted marketing campaigns to build customer loyalty.
- Strategic partnerships to expand market reach and strengthen global distribution channels are expected to positively impact the basmati rice demand forecast.
- Adoption of in sustainable farming practices.
- Innovate with unique flavor profiles and value-added products to differentiate in the competitive market.
- Enhance supply chain efficiency.
- Leverage extensive product portfolios.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Nature |
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| Breakup by Country of Origin |
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| Breakup by End User |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Basmati Rice Market Report Snapshots
Basmati Rice Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Basmati Rice Market Analysis
8.1 Key Industry Highlights
8.2 Global Basmati Rice Historical Market (2018-2023)
8.3 Global Basmati Rice Market Forecast (2024-2032)
8.4 Global Basmati Rice Market by Type
8.4.1 Parboiled
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Raw
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Basmati Rice Market by Nature
8.5.1 White
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Brown
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Basmati Rice Market by Country of Origin
8.6.1 India
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Pakistan
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Basmati Rice Market by End User
8.7.1 Retail
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 HoReCa and Institutional
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Basmati Rice Market by Distribution Channel
8.8.1 Supermarkets and Hypermarkets
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Convenience Store
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Speciality Store
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Others
8.9 Global Basmati Rice Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Basmati Rice Market Analysis
9.1 Market by Type
9.2 Market by Nature
9.3 Market by End User
9.4 Market by Distribution Channel
9.5 Market by Country
9.5.1 United States of America
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Canada
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
10 Europe Basmati Rice Market Analysis
10.1 Market by Type
10.2 Market by Nature
10.3 Market by End User
10.4 Market by Distribution Channel
10.5 Market by Country
10.5.1 United Kingdom
10.5.1.1 Historical Trend (2018-2023)
10.5.1.2 Forecast Trend (2024-2032)
10.5.2 Germany
10.5.2.1 Historical Trend (2018-2023)
10.5.2.2 Forecast Trend (2024-2032)
10.5.3 France
10.5.3.1 Historical Trend (2018-2023)
10.5.3.2 Forecast Trend (2024-2032)
10.5.4 Italy
10.5.4.1 Historical Trend (2018-2023)
10.5.4.2 Forecast Trend (2024-2032)
10.5.5 Others
11 Asia Pacific Basmati Rice Market Analysis
11.1 Market by Type
11.2 Market by Nature
11.3 Market by End User
11.4 Market by Distribution Channel
11.5 Market by Country
11.5.1 China
11.5.1.1 Historical Trend (2018-2023)
11.5.1.2 Forecast Trend (2024-2032)
11.5.2 Japan
11.5.2.1 Historical Trend (2018-2023)
11.5.2.2 Forecast Trend (2024-2032)
11.5.3 India
11.5.3.1 Historical Trend (2018-2023)
11.5.3.2 Forecast Trend (2024-2032)
11.5.4 ASEAN
11.5.4.1 Historical Trend (2018-2023)
11.5.4.2 Forecast Trend (2024-2032)
11.5.5 Australia
11.5.5.1 Historical Trend (2018-2023)
11.5.5.2 Forecast Trend (2024-2032)
11.5.6 Others
12 Latin America Basmati Rice Market Analysis
12.1 Market by Type
12.2 Market by Nature
12.3 Market by End User
12.4 Market by Distribution Channel
12.5 Market by Country
12.5.1 Brazil
12.5.1.1 Historical Trend (2018-2023)
12.5.1.2 Forecast Trend (2024-2032)
12.5.2 Argentina
12.5.2.1 Historical Trend (2018-2023)
12.5.2.2 Forecast Trend (2024-2032)
12.5.3 Mexico
12.5.3.1 Historical Trend (2018-2023)
12.5.3.2 Forecast Trend (2024-2032)
12.5.4 Others
13 Middle East and Africa Basmati Rice Market Analysis
13.1 Market by Type
13.2 Market by Nature
13.3 Market by End User
13.4 Market by Distribution Channel
13.5 Market by Country
13.5.1 Saudi Arabia
13.5.1.1 Historical Trend (2018-2023)
13.5.1.2 Forecast Trend (2024-2032)
13.5.2 United Arab Emirates
13.5.2.1 Historical Trend (2018-2023)
13.5.2.2 Forecast Trend (2024-2032)
13.5.3 Nigeria
13.5.3.1 Historical Trend (2018-2023)
13.5.3.2 Forecast Trend (2024-2032)
13.5.4 South Africa
13.5.4.1 Historical Trend (2018-2023)
13.5.4.2 Forecast Trend (2024-2032)
13.5.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Cultivation and Harvesting of Basmati Rice
16.1 Land Requirements
16.2 Construction Requirements
16.3 Machinery Requirements
16.4 Labour Requirements
16.5 Climate Requirements
16.6 Soil Requirements and Treatment
16.7 Yield per Hectare
16.8 Period of Maturation
16.9 Seed Selection and Treatment
16.10 Land Preparation and Planting
16.11 Irrigation Requirements
16.12 Crop Protection
16.13 Storage and Packaging
16.14 Transportation
16.15 Total Costs Involved
17 Processing of Basmati Rice
17.1 Detailed Process Flow
17.2 Various Unit Operations Involved
17.3 Machinery Requirements
17.4 Transportation
17.5 Total Costs Involved
17.5.1 Fixed Cost
17.5.2 Variable Cost
18 Loans and Financial Assistance
19 Project Economics
19.1 Capital Cost of the Project
19.2 Techno-Economic Parameters
19.3 Product Pricing and Margins
19.4 Taxation and Depreciation
19.5 Income Projections
19.6 Expenditure Projections
19.7 Financial Analysis
19.8 Profit Analysis
20 Competitive Landscape
20.1 Market Structure
20.2 Company Profiles
20.2.1 KRBL Limited
20.2.1.1 Company Overview
20.2.1.2 Product Portfolio
20.2.1.3 Demographic Reach and Achievements
20.2.1.4 Certifications
20.2.2 Kohinoor Foods Limited
20.2.2.1 Company Overview
20.2.2.2 Product Portfolio
20.2.2.3 Demographic Reach and Achievements
20.2.2.4 Certifications
20.2.3 Adani Wilmar Limited
20.2.3.1 Company Overview
20.2.3.2 Product Portfolio
20.2.3.3 Demographic Reach and Achievements
20.2.3.4 Certifications
20.2.4 Dunar Foods Ltd.
20.2.4.1 Company Overview
20.2.4.2 Product Portfolio
20.2.4.3 Demographic Reach and Achievements
20.2.4.4 Certifications
20.2.5 Ebro Foods, S.A.
20.2.5.1 Company Overview
20.2.5.2 Product Portfolio
20.2.5.3 Demographic Reach and Achievements
20.2.5.4 Certifications
20.2.6 Lundberg Family Farms
20.2.6.1 Company Overview
20.2.6.2 Product Portfolio
20.2.6.3 Demographic Reach and Achievements
20.2.6.4 Certifications
20.2.7 New Bharat Group
20.2.7.1 Company Overview
20.2.7.2 Product Portfolio
20.2.7.3 Demographic Reach and Achievements
20.2.7.4 Certifications
20.2.8 Supple Tek Pvt Ltd
20.2.8.1 Company Overview
20.2.8.2 Product Portfolio
20.2.8.3 Demographic Reach and Achievements
20.2.8.4 Certifications
20.2.9 LT Foods Limited
20.2.9.1 Company Overview
20.2.9.2 Product Portfolio
20.2.9.3 Demographic Reach and Achievements
20.2.9.4 Certifications
20.2.10 HAS Rice Pakistan
20.2.10.1 Company Overview
20.2.10.2 Product Portfolio
20.2.10.3 Demographic Reach and Achievements
20.2.10.4 Certifications
20.2.11 Latif Rice Mills Pvt. Ltd.
20.2.11.1 Company Overview
20.2.11.2 Product Portfolio
20.2.11.3 Demographic Reach and Achievements
20.2.11.4 Certifications
20.2.12 A.I.Z Import & Export
20.2.12.1 Company Overview
20.2.12.2 Product Portfolio
20.2.12.3 Demographic Reach and Achievements
20.2.12.4 Certifications
20.2.13 Others
21 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Basmati Rice Market: Key Industry Highlights, 2018 and 2032
2. Global Basmati Rice Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Basmati Rice Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Basmati Rice Historical Market: Breakup by Nature (USD Million), 2018-2023
5. Global Basmati Rice Market Forecast: Breakup by Nature (USD Million), 2024-2032
6. Global Basmati Rice Historical Market: Breakup by Country of Origin (USD Million), 2018-2023
7. Global Basmati Rice Market Forecast: Breakup by Country of Origin (USD Million), 2024-2032
8. Global Basmati Rice Historical Market: Breakup by End User (USD Million), 2018-2023
9. Global Basmati Rice Market Forecast: Breakup by End User (USD Million), 2024-2032
10. Global Basmati Rice Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
11. Global Basmati Rice Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
12. Global Basmati Rice Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Basmati Rice Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Global Basmati Rice Market Structure
Key Questions Answered in the Report
The global market for basmati rice stood at a value of around USD 6.22 billion in 2023.
The major market drivers are rising disposable incomes, increased consumption of premium products, and increasing population.
The increasing health consciousness among the consumers and rising export demand for rice are the key trends driving the market growth.
Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa are the major regional markets.
The major types of rice are raw and parboiled.
Retail packaging and institutional packaging are the different pack sizes in the market.
The major producing countries are India, and Pakistan, among others.
The major players in the market are KRBL Limited, Kohinoor Foods Limited, Adani Wilmar Limited, Dunar Foods Ltd., Ebro Foods, S.A., Lundberg Family Farms, New Bharat Group, Supple Tek Pvt Ltd, LT Foods Limited, HAS Rice Pakistan, Latif Rice Mills Pvt. Ltd., and A.I.Z Import & Export, among others.
The market for basmati rice is expected to grow at a CAGR of 2% between 2024 and 2032.
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